Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Rs. 44.5 million fraud at Lanka Canneries is being investigated by CID
Tue, Feb 12, 2013, 12:10 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 11, Colombo: A financial fraud that has taken place at the Lanka Canneries to the tune of Rs. 44.5 million is being investigated by the Criminal Investigations Department (CID) of police, the company authorities said.

Hunter & Company, the parent company of Lanka Canneries, informed the Colombo Stock Exchange (CSE) that a forensic audit performed by the KPMG has discovered the fraud amounting to Rs. 44.5 million.

Lanka Canneries is in the process of making a complaint to the CID and will take action against those responsible, the statement said. It added that every effort will be taken to recover the funds misappropriated.

Lanka Canneries, the former Marketing Department, establishment is a 90% owned subsidiary of Health & Company which in turn is a 90.9% subsidiary Hunter & Company.



ColomboPage - Recent 10 Stories
Sri Lankan President instructs to raise VAT on tobacco and remove from private healthcare charges
-- [9 minutes ago]
Sri Lanka Navy seizes 156 kg of Kerala Cannabis abandoned on the northwestern coast
-- [1 hour and 2 minutes ago]
Sri Lanka defense officials evaluate the status of land in North to accelerate resettlement of the displaced
-- [1 hour and 41 minutes ago]
Government to purchase power from private producers
Sri Lanka PM criticizes print media for attempting bring 'thieves' back to power
Sri Lankan President requests politicians and public officials to build public's trust in government
Sri Lanka police arrest a man dressed in a burka at the airport
FCID clears former Ministry of Megapolis adviser of financial fraud allegations
Case against former Minister Basil Rajapaksa over misappropriating Divi Neguma Funds fixed for December 06
Sri Lanka tea meets Saudi FDA specifications, delegation told

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.